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ikkyu2 (99.44)

Oh snap! - PSEC takes the gloves off for Allied Capital

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February 09, 2010 – Comments (2) | RELATED TICKERS: PSEC , ALD

http://www.marketwire.com/press-release/Prospect-Capital-Corporation-Makes-Best-Final-Offer-Allied-as-Superior-Proposal-Compared-NASDAQ-PSEC-1114410.htm

I haven't seen a good old fashioned financial-analysis smackdown like this since - well, since EVER.  Quite entertaining and informative.  Go Mr Barry!  

2 Comments – Post Your Own

#1) On February 09, 2010 at 3:34 PM, rd80 (99.33) wrote:

Good read.  About as close to a pro wrestling rumble as you can get in a financial document. 

If Allied's board and management planned on dumping Ares in favor of Prospect all along and were trying to get a better deal, they've played it brilliantly.  Otherwise, not so much.

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#2) On February 09, 2010 at 9:37 PM, ikkyu2 (99.44) wrote:

I like the part where after 11 pages of brutal beatdown, they offer a sweeter deal.

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